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Uniqueness of equilibrium in a payment system with liquidation costs

Related publications (43)

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Estimation of bid functions for location choice and price modeling with a latent variable approach

Michel Bierlaire, Ricardo Daniel Hurtubia González

A new approach for the estimation of bid-rent functions for location choice is proposed. The method considers that the expected maximum bid in the auction of a good is a latent variable than can be related to observed prices for similar goods. The model ge ...

2012

Price Theory in Economics

Thomas Alois Weber

This article describes how prices are treated in economic theory. Section 17.2 begins by introducing the concepts of ‘rational preference’ and ‘utility function’, which are standard building blocks of models that attempt to explain choice behaviour. Sectio ...

Oxford University Press2012

Optimal service pricing for a cloud cache

Anastasia Ailamaki, Grégory François, Debabrata Dash, Sofia Kyriakopoulou

Cloud applications that offer data management services are emerging. Such clouds support caching of data in order to provide quality query services. The users can query the cloud data, paying the price for the infrastructure they use. Cloud management nece ...

Institute of Electrical and Electronics Engineers2011

Optimal service pricing for a cloud cache

Anastasia Ailamaki, Grégory François, Debabrata Dash, Sofia Kyriakopoulou

2011

Ambiguity in Asset Markets: Theory and Experiment

This paper studies the impact of ambiguity and ambiguity aversion on equilibrium asset prices and portfolio holdings in competitive financial markets. It argues that attitudes toward ambiguity are heterogeneous across the population, just as attitudes towa ...

2010

Regulatory Risk and Uncertainty in British Postal Regulation - A Governance Perspective

Martin Maegli

In this paper we focus on risk and uncertainty caused by the (1) discretionary behavior of regulatory bodies and (2) the instruments and mechanisms implemented to regulate public services in general and the postal sector in particular. In previous articles ...

2009

Voting on the Environment: Price or Ideology? Evidence from Swiss Referendums

Nicholas Bornstein

Studies on preferences for environmental quality usually posit that price and income explain most of the observed choices. However, we argue that conceptions of social norms and the common good are equally important when analyzing environmental voting outc ...

2008

Success and failure factors of collaborative networks of SME

Michel Pouly, Frédéric Monnier

The enterprises active in the industrial subcontracting branch are in a very competitive market and support large pressures on their prices and delivery schedules. The arrival on the market of suppliers from low-cost countries like Eastern Europe or the Fa ...

2005

Success and failure factors of collaborative networks of SME

Michel Pouly, Frédéric Monnier

Springer, 233 Spring Street, New York, Ny 10013, United States2005

Local parametric analysis of derivatives pricing and hedging

A novel methodology for the analysis of derivatives pricing in incomplete markets is tested empirically. The methodology generates hedge ratios and derivatives prices. They are estimated from the correlation structure between the local co-movements of secu ...

2003